Bank of Canada Cuts Interest Rate and the Dollar Plunges

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The Canadian dollar has dropped to a six-year low at barely above 77 cents US on account of the prime lending rate cut tp 0.5%.

But not all is gloomy, as predictions suggest the real GDP will grow by 1% in 2015 and by about 2.5% in 2016 and 2017.  If the predictions hold true things should be back to normal by 2017, but we don’t have great faith in predictions.

Rob Carrick Ranks the Best and Worst Online Brokers in Canada

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Rob Carrick, a personal finance columnist for The Globe and Mail, is one of our favourite Canadian commentators on all things financial.

His post about online brokers in Canada goes into significant detail about the various brokers along with meaningful ratings.  We recommend checking out his rankings before choosing an online broker.

Qtrade is number one on his list and remains our favourite as well.